- Annual Review 2006
- Overview
- Chairman's message
- Interview with the chief executive
- Selected financial data
- Features
- Review of operations
- Financial information by business unit
- Summary financial statements
- Australian Corporations Act - summary of ASIC relief
- Independent auditors' statement
- Management overview
- Directors' report
- Remuneration report
- Corporate governance
- Audit committee charter
- Shareholder information
- Useful addresses
- Investor calendar
- Publications
Minimum and maximum total bonuses and grants 2007
The estimated maximum and minimum total value of bonuses and share and option-based compensation for the 2007 financial year are set out in the following table.
Minimum and maximum total bonuses and grants 2007
| STIP Cash1 Potential range of bonus payments in March 2008 in respect of 2007 |
SOP Options (% of March 2007 salary)2,3 |
MCCP Shares (% of March 2007 salary)2,4 | ||||
|---|---|---|---|---|---|---|
| Min US$ |
Max US$ |
Min | Max | Min | Max | |
| Leigh Clifford5 | - | 2,231,890 | - | 300 | - | 200 |
| Guy Elliott | - | 1,449,432 | - | 200 | - | 140 |
| Tom Albanese | - | 1,451,788 | - | 300 | - | 200 |
| Preston Chiaro | - | 792,000 | - | 300 | - | 200 |
| Bret Clayton | - | 696,000 | - | 300 | - | 200 |
| Oscar Groeneveld | - | 1,355,640 | - | 200 | - | 140 |
| Keith Johnson | - | 930,936 | - | 200 | - | 140 |
| Andrew Mackenzie | - | 1,025,208 | - | 200 | - | 140 |
| Sam Walsh | - | 1,279,800 | - | 200 | - | 140 |
- Based on eligibility at 1 March 2007 at exchange rates of £1 = US$1.964 and A$1 = US$0.790.
- Grant/Conditional Award based on the average share price during 2006.
- SOP Options to be granted in 2007 may, subject to achievement of the performance condition, vest in 2010. The maximum value of these options at the date of vesting would be calculated by multiplying the number of vested options by the intrinsic value at that time (ie the difference between the option exercise price and the current market price).
- MCCP performance shares to be awarded conditionally in 2007 may, subject to achievement of the performance condition, vest in 2011. The maximum value of these shares at the date of vesting would be calculated by multiplying the number of vested shares by the intrinsic value at that time (ie the current market price plus, the value of dividends "earned" on the vested shares during the performance period).
- Leigh Clifford's STIP, SOP option grant and MCCP conditional award will be reduced proportionally to reflect the actual proportion of 2007 he was an employee of the Group.
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